One-Page Deal Sheet
Arsenal Energy to Sell All U.S. Assets; Bakken/Three Forks
Not Disclosed Arsenal Energy Inc.
Announced Date
May 27,2016
Close Date
May 27,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
34
Asset/Basin:
{"Williston Basin"}
TargetZones:
{"Bakken Shale","Thr
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
North Dakota
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Arsenal Energy Inc. announces the sale of all its oil and natural gas properties located in the United States for a sales price of US $34 million.
Arsenal's U.S. Assets:
Proceeds from the sale have been used to reduce the Company’s outstanding bank credit facility. After applying the net proceeds of the sale, Arsenal estimates its current bank debt at approximately $11.7 million. In addition, Arsenal announces that it has entered into a Letter of Intent to sell 250 boe/d of Canadian production for total proceeds of $8.7 million. The transaction is expected to close on or before June 30, 2016…
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